Bloomberg
Colombian state-run Ecopetrol SA is evaluating opportunities in Venezuela where an economic reopening could revive cross-border energy trade, said the oil company's president, Ricardo Roa. By Bloomberg Roa pointed to potential investment opportunities in Venezuela that could reach US$100 billion, and told newspaper La República that Grupo Ecopetrol [...]
TL;DR
- Ecopetrol is evaluating investment opportunities in Venezuela, estimated at US$100 billion.
- Ecopetrol seeks U.S. licenses to import Venezuelan gas to address Colombia's supply shortage.
- The plan includes reactivating the cross-border Antonio Ricaurte gas pipeline.
- Ecopetrol is also interested in reviving the Venezuelan fertilizer company Monómeros.
- Colombia's government supports energy imports to strengthen national energy security and reduce gas prices.
- The U.S. recently issued a license allowing Venezuela to sell fertilizers.